M/S Ganesh Investments vs B.Srinivas on 7 August, 2025

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Heard learned counsel for the parties.

2. Leave granted.

3. The present appeal is directed against the impugned order

dated 12.07.2024 passed by the High Court of Judicature at

Madras in Crl.R.C. No.64 of 2021 by which the sentence awarded

to the respondent under Section 138 of the Negotiable

Instruments Act, 1881 (for short, the “N.I. Act”) by the Trial

Court as also affirmed by the First Appellate Court has been

modified to the extent that the sentence awarded of six months

simple imprisonment to the respondent has been modified by

directing him to pay a sum of Rs.50,000/- (Rupees Fifty

Thousand) as compensation to the appellant in lieu of the

original six months sentence, within a period of two weeks

from

the date of impugned order dated 12.07.2024 failing

which, the respondent was to undergo simple imprisonment of

three months.



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